XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.035%

Price spread now: SunX against Bybit+0.097%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.685% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.097%, 7d avg +0.079%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,322.3	0.0026	pay 0.0013% / 4h	1h 00m	$76.9M	$154.2M	150x
Short	SunX XAU-USDT	4,326.5	0	get 0.0000% / 4h	1h 00m	$92K	$7.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee SunXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$5.47
Price spread: +0.097% → +0.079%: $1.88
Slippage, 4 orders: −$49.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$72.13
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	0.01 bp	5.5 bp −$6	5.7 bp −$57	10.3 bp −$1,035	36.1 bp −$18.1K
Sell SunX live order book, 8 min ago	23.51 bp	29.5 bp −$29	47.0 bp −$470	doesn't fit	doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0040%	1h	4,315.8	−0.149%	$25K	$1K	20x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,326.5	+0.097%	$92K	$7.5M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.4	−0.090%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,318.3	−0.093%	$32K	—	25x	as long as short
Bybit XAUUSDTlong	+0.0026%	4h	4,322.3	long leg	$76.9M	$154.2M	150x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.651%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.7	+0.056%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.7	−0.014%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.4	+0.743%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.6	−0.086%	$291.3M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.2	−0.096%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,323.9	+0.036%	$72.7M	$273.2M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,321.2	−0.026%	$20.3M	$30.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.7	−0.060%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,321.7	−0.014%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0084%	24h	4,322.9	+0.014%	$3.8M	$44.2M	15x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	+0.007%	$47.2M	$29.1M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,322.2	−0.001%	$365.0M	$336.6M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,322	−0.006%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0100%	4h	4,317.4	−0.113%	$30.1M	$60.0M	50x	as long as short
Phoenix GOLD	+0.0100%	1h	4,317.3	−0.116%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.8	−0.081%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.4	−0.044%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,322.2	−0.003%	$423.4M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,323.9	+0.037%	$279.2M	$426.8M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.2	−0.026%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0112%	1h	4,323.7	+0.032%	$20.0M	$39.5M	25x	as long as short
Extended XAU-USD	+0.0136%	1h	4,318.2	−0.094%	$12.9M	$36.4M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.5	−0.066%	$577K	$136K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.2	+0.044%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0188%	1h	4,322.2	−0.002%	$59K	$82K	10x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,322.3	−0.001%	$67.5M	$118.6M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,322.2	−0.002%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,320.7	−0.037%	$163K	$869K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0296%	8h	4,322.3	0.000%	$173.3M	$301.1M	100x	as long as short
HTX XAU-USDT	+0.0332%	4h	4,327.9	+0.129%	$3.2M	$5.8M	75x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,322.3	0.000%	$16.3M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0358%	4h	4,325.7	+0.078%	$2.2M	$976K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322.4	+0.002%	$252K	—	111x	as long as short